ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Up – Here’s What Happened

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $8.90, but opened at $9.55. ThyssenKrupp shares last traded at $9.5150, with a volume of 23,646 shares trading hands.

Analysts Set New Price Targets

TKAMY has been the subject of a number of research analyst reports. Citigroup restated a “buy” rating on shares of ThyssenKrupp in a research report on Friday, December 5th. Zacks Research lowered shares of ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Jefferies Financial Group upgraded shares of ThyssenKrupp from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. Barclays reaffirmed an “underweight” rating on shares of ThyssenKrupp in a research note on Monday, February 23rd. Finally, Morgan Stanley reiterated an “underweight” rating on shares of ThyssenKrupp in a research note on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, ThyssenKrupp has a consensus rating of “Hold”.

ThyssenKrupp Stock Up 6.9%

The stock has a market capitalization of $5.92 billion, a price-to-earnings ratio of 8.81 and a beta of 1.00. The company has a quick ratio of 1.01, a current ratio of 1.72 and a debt-to-equity ratio of 0.05. The business’s 50-day moving average is $12.28 and its two-hundred day moving average is $12.54.

ThyssenKrupp (OTCMKTS:TKAMY) last released its quarterly earnings data on Thursday, February 12th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.27). The business had revenue of $8.52 billion during the quarter, compared to analyst estimates of $9.42 billion. ThyssenKrupp had a net margin of 1.83% and a return on equity of 9.08%.

About ThyssenKrupp

ThyssenKrupp AG (OTCMKTS: TKAMY) is a diversified German industrial conglomerate headquartered in Essen and Düsseldorf. Formed in 1999 through the merger of Thyssen AG and Friedrich Krupp GmbH, the company operates across multiple segments, including steel production, materials distribution, industrial engineering, elevator technology and automotive components.

In its Materials Services division, ThyssenKrupp supplies processed and semi-finished steel products and high-performance materials to industries such as automotive, construction and machinery manufacturing.